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Dec 30, 2012
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are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yt. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax cuts. originally passed back in 20,122,010 and 2012. for two years now, they have known the issue is looming and they chose to do nothing about it at all. but that is not the only thing that this lame-duck congress has to do for the end of t year. the farm bill passed last summer to help farmers hit by the drought has to be extended. to the next year, it must pass. if they do nothing, a gallon of m
are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been...
121
121
Dec 24, 2012
12/12
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t >>he the skirted the law like im wearing a skirt. gerri: that would be known. >> let's take a step back and design for this was to do. the founding fathers said look, if you have to make a temporaryr appointment, the senate confirm it, we will not drag the senate back in, so mr. president do what you have to do, goes for the convenience of the senateth not to screw the senate which is what the president is doing.we gerri: this is a family show. was a president trying to get around the senate? do something a sene did not like? >> he may have skirted, but he did not go over the line. so legally it is proper. you can't argue with that. >> they killed it, he threw it out the window. because first of all it is in recession. they're supposed to be gone until 2013. they are not gone, they're still around, which means there is no inter-recess. gerri: technically they declared recess, so that meant they are out, whether they were physically there or not it doesn't make a difference, they declared ahe recess, he can make those arguments. let m
t >>he the skirted the law like im wearing a skirt. gerri: that would be known. >> let's take a step back and design for this was to do. the founding fathers said look, if you have to make a temporaryr appointment, the senate confirm it, we will not drag the senate back in, so mr. president do what you have to do, goes for the convenience of the senateth not to screw the senate which is what the president is doing.we gerri: this is a family show. was a president trying to get around...
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74
Dec 26, 2012
12/12
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we don't change the law. we don't prohibit them. but we don't give them the cut in line before the people who have it withed for years to get that green card or citizenship. gerri: i want to switch gears here a little bit. you wrote a op-ed, calling on washington, calling on congress and the president not to raise taxes on small business operators. what do you fear and what would you like to see hpen? >> i think we're going to just wreck this very fragile economy if we raise taxes on the people who are creating jobs. they want to create jobs. we need to give the people in small business a stability, and a predictability. they need to know what to expect and all the president talks about is more taxes and more taxes and more taxes. and, on top of health care, that's why we have not gotten really any better off in unemployment than when the president took office. i just think it's time for us to stop talking about making it harder to create jobs and instead, say we champion small business and we want you to grow and expand and give us
we don't change the law. we don't prohibit them. but we don't give them the cut in line before the people who have it withed for years to get that green card or citizenship. gerri: i want to switch gears here a little bit. you wrote a op-ed, calling on washington, calling on congress and the president not to raise taxes on small business operators. what do you fear and what would you like to see hpen? >> i think we're going to just wreck this very fragile economy if we raise taxes on the...
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Dec 27, 2012
12/12
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more than 200 of these laws will now be on the books come january 1. call me crazy or what. for more on what will look like in the new year, joined by university of maryland economics professor peter morrissey. great to see you again, has been a while, glad to have you back on. we talked about this before but what happens if we go over the cliff, the recession if there is no new deal. what people don't talk about, everybody agrees there'll be some sort of a recession and there is no deal. will the market be happy with any deal or are they looking for something specific? >> any deal would make them happy because that would mean we wouldn't have a recession necessarily. longer-term the market will require the united states to get a handle on the fiscal issues and to start to have a manageable plan on the deficits. we don't get that done in 2013, our bond rating will go down and maybe we print our own money. however i think we see in equity markets long-term folks lose confidence to manage its affairs and they go elsewhere. gerri: i want to ask you about the debt ceiling. we ru
more than 200 of these laws will now be on the books come january 1. call me crazy or what. for more on what will look like in the new year, joined by university of maryland economics professor peter morrissey. great to see you again, has been a while, glad to have you back on. we talked about this before but what happens if we go over the cliff, the recession if there is no new deal. what people don't talk about, everybody agrees there'll be some sort of a recession and there is no deal. will...
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127
Dec 26, 2012
12/12
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. >> you never saw a new law you didn't love. >> that bitterness will make -- us. >> we have 5 cents on every piece of bacon, right? [laughter] that is all the money we have for you today. we will see you tomorrow. "the willis report" is next. stay classy, san diego. gerri: hello, everyone, i am gerri willis. retailers dealing with the fallout of shoppers not showing up this holiday season, dc starbucks store is urging lawmakers to come together tomorrow and friday. they will come back to work in a mighty more to to the point. the senate is back tomorrow morning. treasury secretary tim geithner is one congressional leaders about december 31. that's next monday, my friends, five short days from now. we have michael burgess of texas with us. i want to read you what the treasury secretary wrote to harry reid. he said i'm writing to inform you that the statutory debt limit will be reached on december 31. he went on to say that they have special gimmicks they are going to deploy to allow us to go past december 31. we have to tell you that here we are again. nothing is being done. we have
. >> you never saw a new law you didn't love. >> that bitterness will make -- us. >> we have 5 cents on every piece of bacon, right? [laughter] that is all the money we have for you today. we will see you tomorrow. "the willis report" is next. stay classy, san diego. gerri: hello, everyone, i am gerri willis. retailers dealing with the fallout of shoppers not showing up this holiday season, dc starbucks store is urging lawmakers to come together tomorrow and friday....